Technology

IonQ completed its acquisition of semiconductor foundry SkyWater Technology on July 31, 2026, with SkyWater shareholders receiving $15.00 cash plus 0.4883 IonQ shares per share, against an originally announced equity value of approximately $1.8 billion. The FTC cleared the deal without a behavioral remedy order after commissioners split on whether the transaction posed a meaningful competitive threat, with Chairman Ferguson's proposed access and firewall conditions failing to win majority support. SkyWater will continue operating as a U.S. foundry subsidiary serving existing commercial and defense customers, though no formal information barriers separating IonQ's quantum work from those customer relationships were established in the public record.

Reuters reported on July 29, 2026 that Intel provided stealth startup RosaicLabs access to Atom processor RTL code, though Intel declined to comment and the underlying license, delivery confirmation, patent scope, and manufacturing rights remain undisclosed in public records. RosaicLabs CEO Amarjit Gill is a long-term co-investor with Intel CEO Lip-Bu Tan, raising related-party governance questions that Intel's Q2 2026 SEC filings do not address. No public document confirms whether Intel's Audit Committee reviewed the arrangement or whether Tan was recused from the decision.